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Labour party press release Ed Balls MP, Labour's Shadow Chancellor, responding to the IMF's report on the UK economy, said: "Behind the diplomatic language this is the call for action on jobs and growth that the IMF has been threatenin... Continue to article
George Osborne has insisted he will not change course on the Government’s deficit reduction plans, despite an IMF report warning that austerity would be a “drag on growth” in the short-term. At the launch of the IMF’s annual health check... Continue to article
David Cameron has raised the idea he could quit coalition before 2015 for the first time in public. Speaking exclusively to Total Politics magazine, the Prime Minister said he would be ready to face “new circumstances” should the Conserv... Continue to article
On April 21 seven of Parliament’s hardiest souls lined up in Greenwich Park to take on 26.2 miles of road-pounding pain. Thankfully all of them survived to tell The House their London Marathon highlights. The intrepid (or foolhardy) p... Continue to article
George Osborne said James Wharton would have the “full support” of the Conservative leadership when trying to pilot a private members’ bill legislating for an In/Out EU referendum through Parliament. “It’s great news that James Wharton h... Continue to article
Ed Balls was in punchy form in the Commons this afternoon as he laid into the Conservatives' lack of action to stimulate growth in the Queen’s Speech and the ongoing row over the EU. Amid accusations of a “complete shambles”, Balls seize...
The Government has presided over a “complete and utter shambles” since last week’s Queen’s Speech, the Shadow Chancellor has said. After a week dominated by Conservative turmoil over the European Union, Ed Balls moved an amendment regret... Continue to article
Ed Miliband MP, leader of the Labour Party, in a speech to the Progress annual conference 2013, said: Thank you for that kind reception. But it is great to be here at Progress. For nearly 20 years Progress has been an important forum for... Continue to article
Finance ministers from the G7 group of nations have agreed to take collective action on tax evasion and avoidance, George Osborne has said. Speaking after the meeting in Aylesbury, the Chancellor said he was "very clear" that all j... Continue to article
Chancellor of the Empire…sorry of the Exchequer George Osborne has today hailed the decision to shoot the new Star Wars film in Britain. Just confirmed: the next Star Wars film will be made in UK. Great news for our creative industries....
George Osborne said Britain's system of financial regulation was robust enough to deal with concerns at the Co-operative Bank and elsewhere. “The Co-op have put out a statement last night about how they’re going to strengthen their capit... Continue to article
George Osborne's immediate priorities shouldn't distract Labour, which instead must focus on how it plans to cut the deficit Continue to article
Prime minister David Cameron travels to Moscow to hold talks on Syria Chancellor George Osborne and Bank of England governor Sir Mervyn King host a meeting of the G7 finance ministers in Buckinghamshire Transport secretary Patrick Mc... Continue to article
Public and Commerical Services union press release Education secretary Michael Gove's civil servants will walk out on strike this afternoon (1) in opposition to the closure of half of his department's offices, the Public and Commercial S... Continue to article
The credibility of George Osborne’s £310bn plan to boost economic growth by building roads, railways, airports and power stations is thrown into doubt today by MPs. Continue to article
David Cameron’s "red line diplomacy" on Syria has been criticised by Sir Menzies Campbell. The Prime Minister said today that there was “limited” evidence that chemical weapons might have been used, and echoed Barack Obama’s comments tha... Continue to article
* Economic growth (GDP) * Economics * US economy * Services sector * George Osborne * Economic policy * Germany * Europe Larry Elliott guardian.co.uk © 2013 Guardian News and Media Limited or its affi... Continue to article
The chancellor, George Osborne, says Thursday's GDP figures indicate the UK economy is recovering Continue to article
George Osborne said the Government was "making progress" on economic recovery despite the "difficult situation" in the global economy. "The phrase I use is ‘an encouraging sign’ that we’re making progress and the economy is healing... Continue to article
If ever George Osborne wanted an excuse to embrace Plan B this is the moment. Continue to article
Labour party press release Chuka Umunna MP, Labour's Shadow Business Secretary, commenting ahead of the House of Lords debate on the Government's 'shares for rights' scheme, said: "The Tory-led Government's economic plan has comp... Continue to article
George Osborne should abandon the tribal morality of austerity and, like Japan, print money not for banks but for people Continue to article
George Osborne said the remaining United Kingdom would probably not want to be part of a common currency area with an independent Scotland. “It’d be a real issue. Would we want to tie ourselves in a currency zone with a foreign governmen... Continue to article
Warning. The following post contains praise of George Osborne. Those of a sensitive disposition should look away now. Of course, praising Osborne as a master strategist was once a fairly mainstream jo... Continue to article
Scottish National Party press release Commenting on the publication of the UK’s debt figures this morning, SNP Treasury Spokesperson Stewart Hosie MP said that the Chancellor’s credibility was in tatters. Last year the OBR predicted... Continue to article
George Osborne said the Government was getting the deficit down through taking “difficult decisions”. “The deficit is down by a third since the Government came to office and that’s because we’re taking the difficult decisions necessary t... Continue to article
HM Treasury press release The Government has today published analysis of the currency options for an independent Scotland. Chancellor of the Exchequer, George Osborne, and Chief Secretary to the Treasury, Danny Alexander, will be in G... Continue to article
Alex Salmond said George Osborne needed to grow up on the issue of Scottish independence.. "£40bn protection for the UK balance of payments he sees as a problem – most people see it as an asset. I’ve not seen any UK Chancellor for the la... Continue to article
Treasury press release The Government has today published analysis of the currency options for an independent Scotland. Chancellor of the Exchequer, George Osborne, and Chief Secretary to the Treasury, Danny Alexander, will be in Glas... Continue to article
The rest of the United Kingdom is “unlikely” to want to enter into a currency union with an independent Scotland, George Osborne said this morning. Speaking in Glasgow, the Chancellor warned of "significant economic risks" to the rest of t... Continue to article
George Osborne said the rest of the UK was “unlikely” to want to enter into a currency union with an independent Scotland. “It’s of course a decision for two governments – it wouldn’t just be the Scottish government, the newly-independen... Continue to article
Danny Alexander said rejecting independence and keeping the pound was “by far the best option” for Scotland’s economy. “What we conclude is that the current arrangements, where we’ve got the pound within one United Kingdom, it’s been a s... Continue to article
George Osborne will announce an expansion of the Bank of England's £80bn funding for lending scheme ahead of a visit to Britain by the International Monetary Fund next month, the Guardian reports. Continue to article
Alistair Darling said Labour should concentrate its fire on the Government rather than seeking to come up with alternatives now. "Firstly, I don’t think my colleagues responsible for the Labour party policy need to take a position till t... Continue to article
Treasury press release George Osborne and Danny Alexander write: In seventeen months time Scotland will decide whether or not to end over 300 years of partnership with the other nations within the United Kingdom. The choice could not... Continue to article
As Britain's economic rating is dealt another blow, George Osborne is under more pressure to reconsider Britain's recovery policy. Continue to article
George Osborne said strikes would be a "self-inflicted wound" on Britain's economy. "These strikes would be a self inflicted wound on the economic recovery in Britain. They would be the last thing British public want. I think British pub... Continue to article
With the IMF and Osborne's favourite economists revising their figures, the pro-cuts argument now lacks intellectual support Continue to article
Downing Street said that the public cost of Margaret Thatcher's funeral would be published "in due course". A spokesman said: "We will publish the cost to the public purse in due course. I can't give a specific timetable but I wouldn't e... Continue to article
Owen Smith press release Owen Smith MP, Labour’s Shadow Welsh secretary, commenting on today’s Labour Market Statistics, said: “Today’s slight fall in unemployment in Wales is to be welcomed. However, the news that 70,000 more people... Continue to article
Labour party press release Ed Balls MP, Labour's shadow chancellor, responding to the IMF's World Economic Outlook, said: "It was a serious mistake for George Osborne to totally ignore the IMF's calls for a reassessment of fiscal polic... Continue to article
David Cameron said it was "completely wrong" to say Baroness Thatcher's funeral was being used for political ends by the Government. "I think that’s completely wrong and I’m not aware of anyone who’s said that. I think we can discount [A... Continue to article
George Osborne has “retoxified the Tory brand”, Labour MP Jamie Reed has argued. In a debate on BBC Radio 4’s Westminster Hour Mr Reed said the Chancellor had undone the work he and David Cameron had done to make the Tories more electabl... Continue to article
George Osborne said he did not set out to be divisive when making comments about the welfare state and the Philpott case. "I tell you where I feel angry – I have to make a lot of very difficult decisions about public spending, and I have... Continue to article
Chancellor George Osborne says he is "in tune" with "the great majority of the country" on changes to welfare. Continue to article
Neither George Osborne nor David Cameron wrote the headline “Vile product of welfare UK”, and they left it to media interviewers to bring the question up. Continue to article
Ed Balls launched a stinging attack on George Osborne over the Chancellors comments about Mick Philpott. "They’re seeing long-term unemployment rising and they’re instead taking an individual example, A terrible example of a nasty man, M... Continue to article
Norman Lamb said it was “ludicrous” and “ridiculous” to link the current situation in North Korea to the need to directly replace the Trident nuclear missile system, as the Prime Minister. “I don’t think anyone can credibly argue there i... Continue to article
Brooks Newmark said the Conservatives had been calling for “better regulation”, not further deregulation of the financial sector before the 2008 crash, and said today’s HBOS report showed the failure of the current Labour leadership. “We... Continue to article
David Cameron said George Osborne had been “absolutely right” to question whether the welfare system should support people like Mick Philpott, who was convicted for manslaughter after six of his children died in a house fire. “I think wh... Continue to article
George Osborne has announced the creation of a new Office for Unconventional Gas after an independent science panel gave the go ahead for the controversial fracking process, albeit under a tight safety regime. The Chancellor's ‘dash for gas’ has been criticised by environments who fear Britain will not be able to meet carbon reduction targets.
The eurozone crisis, the US fiscal situation and a slowdown in emerging markets could usher in another global recession, George Osborne has warned a conference in Tokyo.
The warning comes as the IMF and eurozone reach a deadlock on how much of Greece's debt should be written down, with the IMF arguing £24bn writedowns will be necessary to solve the crisis.
Vince Cable has indicated improving access to finance for businesses will be a key part of the Government’s new industrial strategy which he will set out in more detail tomorrow.
Speaking in the House of Commons after Labour was granted an Urgent Question, the Business Secretary confirmed the Government was “actively looking” at the possibility of setting up a business bank to improve access to finance.
Other key areas he highlighted were dealing with problems sector-by-sector, improving technology, better skills for workers, and changing public sector procurement.
Dr Cable’s Labour counterpart Chuka Umunna was given the opportunity to scrutinise the plans ahead of the Business Secretary's announcement tomorrow.
Earlier today, the Business Department unveiled plans to exempt thousands of small businesses from health and safety regulations. At least 3,000 regulations, which some businesses have complained are holding them back, are to be removed.
Dr Cable promised the Government would now be "holding departments' feet to the fire to ensure all unnecessary red tape is cut".
George Osborne is putting pressure on David Cameron to drop some of the Coalition's green policies, including building more onshore wind-turbines, his father in law has claimed in an undercover video. A Greenpeace activist posing as an anti-windfarm lobbyist filmed Lord Howell and Tory MP Peter Lilley saying that Osborne used the recent ministerial reshuffle to "get people into key positions who could begin to get the Government off the hook from the commitments it made very foolishly".
The Government will take “further action” to ensure the rich contribute more towards paying down the UK’s deficit, the Prime Minister and Chancellor have signalled.
In an interview this morning, David Cameron echoed George Osborne’s insistence that the Coalition would not implement a ‘mansion tax’ or other form of wealth taxes.
He also played down the likelihood of changing the top rate of tax again, but he told the Andrew Marr Show: “We will make sure that the rich will pay their fair share, that the burden is evenly shared.”
Speaking to Sky News today, Mr Osborne ruled out a mansion tax and annual wealth levy but warned the rich will have to make an 'additional contribution' in coming Budgets.
“I don’t think either of those ideas are the right ones... we’re not going to have a new mansion tax, nor do I think it’s sensible to have a wealth tax."
Mr Cameron also confirmed the Conservatives would be looking at cutting the welfare budget further – something that Nick Clegg said he would only allow if there were corresponding measures to increase the contribution from the rich.
The Liberal Democrats are also likely to have been ruffled by Mr Osborne’s comments to the Mail on Sunday that the demands for a mansion tax were based on "the politics of resentment".
Basic questions about an independent Scotland's monetary policy and currency system are yet to be answered by the SNP, George Osborne has said.
Addressing the Confederation of British Industry's Scottish wing last night, the Chancellor said if Alex Salmond "can't answer basic questions about Scotland's currency, then I think the Scottish people are entitled to ask some basic questions about the path he's leading Scotland down."
Meanwhile, a deal on the rules of the independence referendum is close to being agreed, after Scotland Office Minister David Mundell and the SNP's Nicola Sturgeon said they have held "positive" discussions over the arrangements for the vote.
16/05/2013 on BBC News
Summaries and transcripts from TV and radio
44 minutes ago on World at One, BBC Radio 4
5 hours ago on Sky News
6 hours ago on Today, BBC Radio 4
2 hours ago
2 hours ago